THURSday, JULY 20, 2023

Good morning! Today marks the 54th anniversary of the day when man first walked on the moon. Apollo 11 astronaut Neil Armstrong planted his boot on the lunar surface at 11 p.m. ET while the world watched on TV.

In today’s edition, we’re talking about the hit song “Try That in A Small Town,” along with a hamburger chain that requires a doctor’s note if employees want to wear masks, and the 18th annual Granny Basketball National Tournament.

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U.S. Suspends Funding to Wuhan Covid Lab

The Biden administration suspended all federal funding to the Wuhan Institute of Virology in China over the Institute’s refusal to provide answers about safety and security at the facility.

Many believe the coronavirus originated from a leak at the lab. The Department of Health and Human Services (HHS) began a review of the Wuhan Institute last September, and found it not in compliance with federal regulations.

HHS officials also told the lab that given its persistent lack of transparency, the U.S. is seeking to go beyond a suspension and cut off funding permanently.

Hunter Biden Investigators Testify to Congress

A pair of IRS whistleblowers with 12 years of investigative experience confirmed to Congress Wednesday that Hunter Biden and his companies pulled in $17 million from foreign sources over several years.

The two IRS agents testified that they felt the Justice Department blocked their investigation into the source of the money. They were critical of Attorney General Merrick Garland for refusing so far to appear before Congress to discuss the case.

Democrats portrayed the issue as a routine disagreement between Justice Dept. leaders and employees, but Republicans said it indicated an official cover-up of financial misdeeds.

‘Small Town’ Song Infuriates City Folks

Conservative country singer Jason Aldean’s controversial music video “Try That in A Small Town” has been yanked from Country Music TV even as it hit No. 1 on the iTunes Billboard chart.

The video shows news footage of recent riots while Aldean sings that this kind of thing may happen in the cities, but people in small towns wouldn’t allow it. It is explicitly pro-gun, pro-police, and pro-small town. (See Video Here)

Many people have called the song racist, making it the latest battleground in the culture wars. On Twitter, Aldean explained that he was praising small-town communities and didn’t apologize.

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➤ Sen. Tim Scott’s super PAC has reserved $40 million worth of ad time for the fall, the largest buy of the 2024 presidential race so far. The ads will run in Iowa, New Hampshire, and South Carolina. (More)

➤ Republican National Committee chair Ronna McDaniel said it would be “a mistake” for Donald Trump to skip next month’s primary debate. McDaniel said not participating would just help Joe Biden. (More)

➤ A Democrat quit the Pennsylvania House, ending the party’s razor-thin margin and leaving the chamber tied at 101-101. A special election has been scheduled for Sept. 19, a week before the legislature returns to session. (More)

➤The national hamburger chain In-N-Out banned employees in five states from wearing masks unless they have a doctor’s note. The chain said masks interfered with providing good customer service. (More)

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➤ SEC Commissioner Greg Sankey urged Congress to pass national legislation to regulate Name, Image, and Likeness (NIL) policies for college athletes. He warned that otherwise, a patchwork of state NIL rules could make it hard to control the booming endorsement business. (More)

➤ A dozen Major League Baseball teams scored in the double digits this weekend, the first time that’s happened since 1894. Three games ended 11-10 on the same day for the first time ever. (More)

➤ Tiger Woods’ ex-girlfriend Erica Herman dropped her $30 million lawsuit against the golfer, pending resolution of her appeal of a decision that she had to abide by a non-disclosure agreement. (More)

Market Report 7/20/23

▲	NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations	$14,358.02	+0.03%
▲	SPX S&P 500	$4,565.72	+0.24%
▲	DJI Dow Jones Industrial Average	$35,060.81	+0.31%
▲	BTC Bitcoin	$30,153.0	+0.71%
▲	CVNA Carvana Co.	$55.80	+40.20%

➤ Big Stock Move: Carvana stock soared 40% Wednesday on news that the used car retailer had reached a deal to cut debt by more than $1.2 billion. Its 2nd quarter earnings were positive as well. (More)

➤ PublicSq, a conservative alternative to Amazon, begins trading on the New York Stock Exchange today. The e-commerce platform touts itself as being pro-life, pro-family, and pro-freedom. (More)

➤ Netflix reported strong quarterly earnings, fueled by a crackdown on password-sharing. The platform added nearly 6 million new subscribers while eliminating its lowest-price ad-free subscription tier. (More)

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➤ The Senate wants NASA to hold down spending for its planned mission to Mars, offering $300 million in 2024 instead of the $950 million NASA requested. Cost estimates for the entire mission have nearly doubled to $9 billion. (More)

➤ Scientists say they believe an enormous chunk of granite sits beneath the lunar surface, which is a surprise because granite requires either plate tectonics or abundant water to form. The moon has neither. (More)

➤ Stanford University’s president announced his resignation Wednesday after a review found flaws in academic papers he authored. The president, Marc Tessier-Lavigne, came under fire for his neuroscience research last year. (More)

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➤ More than 25% of young adults are estranged from one or both parents, according to several studies. One study showed that adult children are far more likely to cut ties with their fathers than with their mothers. (More)

➤ An Alaska man inadvertently filmed his own drowning on a glacial lake with a helmet GoPro camera. Officials found the helmet and said it showed the man’s kayak overturning, sending him into the icy water. (More)

➤ Grannies from across America came to Iowa this past weekend to play in the Granny Basketball National Tournament. The rules require players to be over 50, and no running is allowed — though hurrying is encouraged. (Watch Video)